Lifted from comments from Edward Lambert’s International flows Part 4 comes a reminder from Angry Bear Steve Roth: This is all part of the universal “saving/saving” confusion. See Nick’s post…

Via the Guardian, Orthodox economists failed market test After all, the large majority of economists who predicted the crisis rejected the dominant neoclassical thinking: from Dean Baker and Steve Keen…

…and encourages so admirably: Every recession since ’60 preceded by decline in infl adj value of HH assets. Two false (?) positives: 02 and 11. — Steve Roth (@asymptosis) January…

…case it is basically universally considered proof that the PIH glass is half full (e.g. by Paul Krugman). This reasoning is invalid. The reason (explained by Steve Marglin decades ago)…

…volatile, and did not look at all like cause for concern. But, as Steve Roth pointed out a while back, fighting inflation is the only part of its alleged dual…

James Kwak at Baseline Scenario writes about wealth inequality and supports systematic redistribution. And our own Steve Roth wrote on this too here at Angry Bear. What is the propensity…

…sent there from a fun post by Steve Benen following angry bear Mike Kimel, stealing candy from babies and correcting Rand Paul’s arithmetic. However, he concedes too much to Republican…

…production. (In Steve World, all financial assets embody money, and the money stock is the total value of financial assets — including dollar bills, deeds, or other formal financial claims…

…Ceballos has quite an interesting little twist to it, procedurally.) Anyway, as Troyan continues: Steve Franks, former president of the two-year college, says Lane’s testimony wasn’t protected by the First…

…we can’t keep out neighbors informed of the right thing to do,” said Steve Macaulay, former chief deputy director of the state Department of Water Resources. In another panel, Frank…